Pacifica Silver expands phase 2 drilling at Claudia

Executive Summary

• Pacifica Silver Corp. has expanded its Phase II drill program at the Claudia silver-gold project in Mexico from 12,000 to 20,000 metres, following the receipt of new permits for 153 additional drill sites.
• The company appointed Dr. Steven I. Weiss as Interim VP of Exploration to lead the expanded program, while Octavio Lizardi transitions to Senior Structural Geologist.
• The company also announced a change of auditor to Davidson & Co. LLP, effective March 16, 2026.

Key Details

• Drilling Program Expansion: Phase II program increased by 67% from 12,000 to 20,000 metres.
• Permitting: New permits received on Feb. 11, 2026, allowing for up to 153 additional drill sites.
• Current Progress: As of March 14, 2026, approximately 6,452 metres across 25 holes have been drilled or are in progress using three drill rigs. This includes 354 metres in three Phase I holes that were deepened.
• Strategic Targets: The expanded program aims to:
  • Expand known high-grade silver-gold mineralization at the Aguilarena vein.
  • Follow up on the high-grade discovery at the Justina vein (referenced from Feb. 9, 2026 news).
  • Drill test the southern extension at high-priority Mina Vieja and Mina de Oro targets.
• Timeline: The Phase II program is expected to conclude in June 2026. Assays are pending and will be released in coming weeks/months.
• Management Changes:
  • Dr. Steven I. Weiss, PhD, CPG: Appointed Interim VP of Exploration, effective immediately. He brings 45+ years of experience, including significant resource expansions at Glamis Gold (El Sauzal) and Goldcorp (Camino Rojo).
  • Octavio Lizardi: Transitioning from VP of Exploration to Senior Structural Geologist to ensure continuity and specialized focus on epithermal vein systems.
• Auditor Change:
  • New Auditor: Davidson & Co. LLP, effective March 16, 2026.
  • Previous Auditor: Mao & Ying LLP.
  • Compliance: No modified opinions from the former auditor; no reportable events under NI 51-102.
• Financing Context: The expansion follows a $23-million financing closed on Jan. 23, 2026.

Notable Quotes

• None explicitly quoted in the text, though the release highlights Dr. Weiss's track record: "Dr. Weiss brings over 45 years of proven success in mineral exploration... His specialized expertise in epithermal precious metal deposits... will be instrumental in advancing Pacifica's exploration objectives and unlocking value for shareholders."